You're comparing apples and oranges here. Or more accurately, golfball size apples with basketball sized oranges. The Arc is smaller, as you'd expect from a AAA light, and 2X brighter. The UI is larger, being a AA light, and not as bright. However the UI provides useful light for many, many hours (easily 20+), although as an EDC, the Arc is no slouch with 5.5 hours of usable light. of course, the "5.5 hours" is to 50%, when it's putting out as much light as the UI on a fresh battery.
If you want a keychain light, go with the Arc. If you want a glovebox for emergencies, the UI might be a better choice (put a lithium battery in there and it'll be there when you need it for 10+ years). The UI would still make a good pocket light, but if you plan on using it daily, I'd go with a Fenix instead, and use rechargables. That is, if you want a AA light.